Binance Futures, a cryptocurrency derivatives trading platform, announced the launch of the USDⓈ-M CAKE Perpetual Contract.
Binance Futures to Launch USDⓈ-M CAKE Perpetual Contract with Up to 50x Leverage
The contract can be bought and sold with up to 50x leverage starting from 02-11-2023 12:45.
The maximum funding rate of the CAKEUSDT Perpetual Contract at launch is +2.00% / -2.00%. The funding fee payment frequency is every four hours.
Binance may change the specifications of the CAKEUSDT Perpetual Contract from time to time based on market risk conditions, including funding fee, transaction size, maximum leverage, initial margin, and maintenance margin requirements.
Additionally, Bitcoin exchange Binance announced that it has listed a new altcoin trading pair.
Binance announced that it will open Memecoin (MEME) for trading on 03-11-2023 11:00 for spot trading pairs MEME/BNB, MEME/BTC, MEME/USDT, MEME/FDUSD, MEME/TUSD and MEME/TRY.
However, he stated that Trading Bots services for the MEME/USDT trading pair will be activated within 48 hours after the trading start time.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/binance-lists-a-new-altcoin-trading-pair-while-launching-altcoin-cake-with-50x-leverage-on-futures/